Osisko Mining Updates Windfall Mineral Resource Estimate
1.86M oz Au M&I Resource Averaging 9.6 g/t Au
4.24M oz Au Inferred Resource Averaging 8.0 g/t Au
TORONTO, Feb. 17, 2021 -- Osisko Mining Inc. (OSK:TSX, "Osisko" or the "Corporation") is pleased to provide an updated mineral resource estimate (the "MRE") for its 100% owned world-class Windfall gold deposit, located in the Abitibi greenstone belt, Urban Township, Eeyou Istchee James Bay, Québec.
This MRE is based on drilling completed as of September 2020, and includes analytical results received as of November 30, 2020. Approximately 100,000 metres of drilling has been completed since the above dates, with a further 200,000 metres in progress and expected to be completed by the third quarter of 2021. A subsequent MRE for the Windfall feasibility study will follow the completion of the infill program.
M&I grade of 9.6 g/t Au continues trend of grade increase with infill program
M&I ouncesincreased 54%
Lynx represents over 60% of the total MRE ounces with average grades of 11.3 g/t Au Measured; 11.0 g/t Au Indicated; and 9.9 g/t Au Inferred
Significant Lynx high-grade zones remain open to expansion down plunge
Remainder of infill drilling is focused on Lynx with >30 drills
Discovery and definition cost averages US$38/oz1
Deposit average of 4.5 oz Au defined per metre drilled
- Category: Silver / Gold
- Published: 17 February 2021
- Written by Editor